POMO Results and more

This is how crooked the Fed is, catch this article. This is how and why the banks are still able to make money-the FED GIVES IT TO THEM RISK FREE! The article will make that clear.

As to today's submitted:accepted ratio, it's a bit higher then the median at 4.1x so the Pd's aren't flush with cash, but what they did make, they made a nice profit on. Some of this money should hit the market, especially if we look to close red by 2:30 p.m. or so.

While we are dipping a bit here, what I'm most interested to see is how the 5-15 min 3C charts will turn out, this will tell us if we are just getting a little oversold relief today or if we can expect a bigger bounce. The downdraft makes me think they may be picking up shares for a bigger bounce-REMEMBER that tops are extremely volatile and unless we get a black swan circa 1929, 1987, etc, then the topping process is legitimate, but dangerous to try to trade around to much, thus my most recent risk management article. The first 10% of a move down from the top is the most dangerous and personally I'd keep my risk small and the trades high probability, I'll back up the truck on the 80% trend in the middle. However, a bounce can set up some great opportunities for the longer term picture-which isn't months or years, but perhaps measured in weeks. We'll see what the locals do on the dip.